KGA, Inc. Construction and Evironmental Consultants

Surety Claims Evaluations

Due to financial insolvency, contract default, or a warranty claim, a contractor may find itself unable to fulfill its contractual obligations for a specific project. Consequently, the contractor's surety may become involved in the construction project through a claim made by the obligee.

KGA Services

KGA’s services are tailored to the specific project conditions, including:

• Pre-Bonding Evaluation
   *Analysis of proposed project scope vs. contractor's previous experience
   * Contractor background check
   * Owner litigation and licensing history
   * Analysis of contractor's operations and equipment capabilities

• Contract Default Evaluation
   * Contract document review
   * Project inspection and compliance report
   * Job cost status (monies paid)
   * Vendor inventory and status updat.
   * Completion schedule and budget estimate

• Contractor Insolvency Evaluation
   * Retrieval and organization of project files and documents
   * Negotiation of payment, contract terms, and liquidated damages with owner
   * Lien release negotiations with vendors
   * Completion vs. Payment decision matrix

• Warranty Claims Evaluation
   * Claim timeliness analysis
   * Contract documents review
   * Inspection of claimed deficiencies
   * Work completion scope and cost estimate
   * Negotiation with owner and contractor

• Project Completion and Close-Out
   * Financial evaluation of project resources
   * Reletting of construction contracts
   * Contract administration
   * Construction monitoring